Sustainability of Economic Growth in East Asia

This book is a rarity in that it analyzes comprehensive updates of East Asian economies beyond COVID-19 with quantitative and scientific methods. COVID-19 has brought in structural changes such as the facilitation of digitalization and the slowdown of globalization in the region's economies. Meanwhile, those economies have adjusted their structures to the changes and have enhanced their resilience against the shocks beyond COVID-19 in order to sustain their economic growth. These adjustments have accompanied the transformations of industries (such as servicification), global value chains, and trade and investment patterns. Policy momentums have also been affected by the structural changes caused by COVID-19 in areas such as poverty alleviation, environment, and foreign aid. So far, however, there have been only a very limited number of quantitative studies to describe the economic transformations toward the post-COVID-19 era among the vast literature of East Asian studies. This book applies scientific approaches such as data-oriented and econometric methods. In this manner, the book enriches empirical evidence in academic literature and also contributes to evidence-based policymaking. This study is also based on the research collaboration with Mae Fah Luang University in Thailand, which specializes in border economies in the Greater Mekong Subregion. Thus, the study's outcomes will especially interest academic researchers and policymakers.

Provides a comprehensive update of East Asian economies beyond COVID-19 Includes in-depth and quantitative analyses of East Asian economies with scientific methods Covers practical aspects of industrial and international policymaking

Autorentext

The editor, Taguchi, H., a professor in Saitama University, had the experience in working for Cabinet Office, Government of Japan in charge of economic policies in Japan. Thus, he has a kind of practical skills as well as academic ones.

Inhalt

Chapter 1. Servicification in Global Value Chains toward Post-COVID-19 Era in Emerging and Developing Asian Economies.- Chapter 2. Economic Impact of Foreign Direct Investment, Gross Capital Formation, and Trade Openness on ASEAN Economies: The matter of the COVID-19 epidemic and the global financial crisis.- Chapter 3. Effects of Structural Reforms on Labor Productivity of Selected Southeast Asian Countries.- Chapter 4. The Progress of the Division of Labor in the Automobile Industry in the ASEAN region in the post-COVID-19 era.- Chapter 5. Cross-Border Trade between Thailand and Myanmar in the Post-COVID Era.- Chapter 6. Changes in Thailand's Poverty and Income Inequality Caused by COVID-19: Assessment Using Normative Measures.- Chapter 7. Future of the South Korean Economy After COVID-19: Focusing on the Semiconductor Industry.- Chapter 8. Air Pollution and its Control Governance in Chinese Provinces in the Post-COVID-19 Era: Panel Estimations of Provincial Environmental Kuznets Curves.- Chapter 9. Economic Functions of Foreign Aid Inflows in Thailand.